page_title: Rand McNally
section_title: Ownership
hierarchical_section_title: Rand McNally / Ownership
caption_attribution_description: English: Rand McNally's new corporate headquarters in Skokie, Illinois.
context_page_description: Rand McNally is an American technology and publishing company that provides mapping, software and hardware for the consumer electronics, commercial transportation and education markets. The company is headquartered in Chicago, with a distribution center in Richmond, Kentucky.
context_section_description: Rand McNally has always been a privately held or "pink sheet" company, with stock held by very few parties and very thinly traded. When Rand retired in 1899, he sold his shares in the company to McNally and the other company officers. The McNally family was the majority owner for nearly 100 years, from 1899 until 1997, at which time the family decided to divest its majority stake. The company was sold piecemeal; in January 1997, the company announced it was selling its Book Services Group, which employed 1,700 people in Versailles, Kentucky and Taunton, Massachusetts, to World Color Press for $155 million. In February 1997, the DocuSystems Group, which printed airline tickets and luggage tags at its Nashville facility, was sold to Code Hennessy & Simmons, a Chicago-based private equity firm. In April 1997, the Media Services Group, which employed 350 people with offices in Nashville, Tennessee; Fremont, California; Shannon, Ireland; and the Asia-Pacific region, was sold to McQueen Ltd., a Scottish software company. 
  The sole remaining group, publishing, represented the core mapmaking business of the company. In November 1997, the McNally family completed its divestiture by selling its majority ownership to AEA Investors for a reported $500 million. Much of the purchase price was leveraged, meaning the company took on significant debt hedging on future earnings.  AEA intended to capitalize on Rand McNally's brand recognition by bringing digital mapping to the masses and attracting public investors during the dot-com boom. However, the company fell behind the technology curve of upstarts such as MapQuest and fell further into debt. AEA's stake in the company was acquired by Leonard Green & Partners through a prepackaged Chapter 11 restructuring deal on January 15, 2003. In December 2007, Patriarch Partners, which had previously been a minority owner, bought shares owned by Leonard Green and other minority owners to become the sole owner of Rand McNally.
caption: Rand McNally's former corporate headquarters in Skokie, Illinois
exif: {"Image Make": "Canon", "Image Model": "Canon PowerShot A530", "Image Orientation": "Horizontal (normal)", "Image XResolution": "180", "Image YResolution": "180", "Image ResolutionUnit": "Pixels/Inch", "Image DateTime": "2009:01:27 09:07:05", "Image ExifOffset": "173", "EXIF ExposureTime": "1/400", "EXIF FNumber": "13/5", "EXIF ISOSpeedRatings": "0", "EXIF ExifVersion": "0220", "EXIF DateTimeOriginal": "2009:01:27 09:07:05", "EXIF DateTimeDigitized": "2009:01:27 09:07:05", "EXIF CompressedBitsPerPixel": "5", "EXIF ShutterSpeedValue": "277/32", "EXIF ApertureValue": "11/4", "EXIF ExposureBiasValue": "0", "EXIF MaxApertureValue": "11/4", "EXIF MeteringMode": "Pattern", "EXIF Flash": "88", "EXIF FocalLength": "29/5", "EXIF FlashPixVersion": "0100", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "1280", "EXIF ExifImageLength": "690", "EXIF FocalPlaneXResolution": "11520", "EXIF FocalPlaneYResolution": "81000/7", "EXIF FocalPlaneResolutionUnit": "2", "EXIF SensingMethod": "One-chip color area", "EXIF CustomRendered": "Normal", "EXIF ExposureMode": "Auto Exposure", "EXIF WhiteBalance": "Auto", "EXIF DigitalZoomRatio": "1", "EXIF SceneCaptureType": "Standard"}